$680,000Asking Price
This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 102 Rosslyn Avenue N, Hamilton is a five-door rooming house with a self-contained basement unit, offered at a 6.10% in-place cap rate on current rents. This property generates $54,660 in gross annual rent and $41,460 NOI, with one door currently vacant and ready for immediate lease-up. The upper floors offer four main rooms, one with a private bath, above a separate 2-room basement unit with its own layout. Recent capital upgrades - a new water heater and furnace, in-suite washer and dryer, and central heat and A/C - mean minimal near-term capital outlay for a new owner, and 2-car parking adds a rentable amenity. Four of the five upstairs doors are already month-to-month, giving a new owner substantial room to reset rents to market across the upper unit on standard notice. The separate basement unit is currently vacant and available for immediate lease-up at an asking rent of $1,350/month, adding a distinct income stream that can be repositioned independently of the rest of the property.
This is an investment property offered as part of a 15-property multifamily portfolio for sale across Hamilton, Windsor, Port Colborne, and Oshawa, Ontario. Properties are available individually or as a complete package. For full portfolio details, financials, and rent roll, contact Mina Bishay at eXp Realty. 102 Rosslyn Avenue N, Hamilton is a five-door rooming house with a self-contained basement unit, offered at a 6.10% in-place cap rate on current rents. This property generates $54,660 in gross annual rent and $41,460 NOI, with one door currently vacant and ready for immediate lease-up. The upper floors offer four main rooms, one with a private bath, above a separate 2-room basement unit with its own layout. Recent capital upgrades - a new water heater and furnace, in-suite washer and dryer, and central heat and A/C - mean minimal near-term capital outlay for a new owner, and 2-car parking adds a rentable amenity. Four of the five upstairs doors are already month-to-month, giving a new owner substantial room to reset rents to market across the upper unit on standard notice. The separate basement unit is currently vacant and available for immediate lease-up at an asking rent of $1,350/month, adding a distinct income stream that can be repositioned independently of the rest of the property.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 3 3-Piece Bathrooms | ||||
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Crown Point, Hamilton is a west GTA neighbourhood notable for its singles, renters, salespeople, tradespeople and manufacturing workers. Residents tend to be younger with a significant number of babies, kids aged 5 to 14 and adults aged 25 to 59.
Kids Per Family
1.2
kids per family
in the neighbourhood.
54%
of residents are
single and loving it.
54% singles
Hamilton (46%)
34%
of residents
are renters.
34% renters
Hamilton (32%)
9%
of residents are
university grads.
9% university grads
Hamilton (28%)Average Household Income
$68K
is the average household
income in the neighbourhood.
Professions
| Sales | 19% |
| Trades | 13% |
| Business | 7% |
| Manufacturing | 6% |
| Government | 5% |
14%
of residents were
born outside of Canada.
14% immigrants
Hamilton (25%)2.1% from Caribbean
All-time
0.2% from Syria
Recent
Foreign Languages
| Spanish | 2% |
| French | 1% |
| Portuguese | 1% |
| Arabic | 1% |
| Italian | 1% |
Religions
| Christian | 56% |
| Buddhist | 1% |